Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) from a sell rating to a hold rating in a report issued on Friday, July 14th. The brokerage currently has $21.00 price objective on the stock.

According to Zacks, “Subaru Corp. manufactures and distributes automobile products. The Company’s Automobile segment manufactures and sells vehicles and related products. Aerospace segment manufactures aircrafts, parts of space-related devices. Subaru Corp., formerly known as Fuji Heavy Industries Ltd., is based in SHIBUYA-KU, Japan. “

Separately, ValuEngine lowered Fuji Heavy Industries from a buy rating to a hold rating in a report on Friday, June 2nd.

Shares of Fuji Heavy Industries (OTCMKTS FUJHY) traded up 0.304% during trading on Friday, hitting $18.125. The stock had a trading volume of 8,440 shares. Fuji Heavy Industries has a 12-month low of $16.26 and a 12-month high of $21.56. The stock’s 50 day moving average is $17.38 and its 200-day moving average is $18.47.

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Several institutional investors have recently modified their holdings of the company. FNY Partners Fund LP acquired a new position in shares of Fuji Heavy Industries during the first quarter valued at about $141,000. Eqis Capital Management Inc. purchased a new stake in Fuji Heavy Industries during the first quarter worth $435,000. Finally, Parametric Portfolio Associates LLC increased its stake in Fuji Heavy Industries by 7.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,030,203 shares of the company’s stock worth $18,925,000 after buying an additional 67,130 shares during the period. Institutional investors and hedge funds own 0.11% of the company’s stock.

About Fuji Heavy Industries

SUBARU CORPORATION, formerly Fuji Heavy Industries Ltd., is a manufacturer of Subaru automobiles. The Company’s segments include Automobiles, Aerospace, Industrial products and Other. The Automobile segment manufactures and sells vehicles and related products. The Aerospace segment manufactures aircrafts, parts of space-related devices.

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